Darden Restaurants Director Daryl Kenningham Acquires 886 Shares via RSU Vesting
DARDEN RESTAURANTS INC
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Filing Summary
📋 SEC Form 4 Filing: Darden Restaurants Inc ($DRI) Insider: Daryl Kenningham (Director) Transaction Date: September 17, 2026 Action: Conversion (Code M) — 886 Common Shares acquired at $0.00 via RSU vesting Post-Transaction Holdings: 2,810 shares (Direct) Significance: Low (Routine director equity grant vesting; no open-market activity)
Comprehensive Analysis
Insider Transaction Overview
On September 17, 2026, Daryl Kenningham, a member of the Board of Directors of Darden Restaurants, Inc. ($DRI), acquired 886 shares of common stock through the settlement and conversion of Restricted Stock Units (RSUs).
Transaction Details
- Security: Common Stock
- Transaction Code:
M(Exercise or conversion of derivative security exempted pursuant to Rule 16b-3) - Shares Acquired: 886 shares
- Price per Share: $0.00 (RSU vesting)
- Total Transaction Value: $0.00
- Post-Transaction Direct Ownership: 2,810 shares
Derivative Activity
The transaction reflects the vesting of the FY26 Director Annual Grant of Restricted Stock Units, which convert into common stock on a 1-for-1 basis upon vesting at the earlier of one year from the grant date or the next annual shareholder meeting.
Significance and Context
This transaction carries Low trading significance as it represents standard board equity compensation vesting rather than an open-market purchase or discretionary sale. No shares were disposed of for tax withholding in this filing, resulting in a net increase in Kenningham's direct ownership.
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